The 84% sequential drop in distribution suggests deteriorating net profits despite higher oil prices, likely due to rising costs and gas volume declines. Traders should monitor May's distribution for confirmation of this trend and assess sustainability of the Trust's payout.
Price Chart
Executive Summary
PermRock Royalty Trust declared a monthly cash distribution of $5,756.78 ($0.000473 per unit) based on February 2026 production, reflecting higher oil volumes and prices partially offset by increased operating expenses. This follows a significantly larger $36,445.91 distribution in March, suggesting a sharp decline in distributable income.
Key Facts
- Declared cash distribution of $5,756.78 ($0.000473 per unit) for April 30, 2026 record date, payable May 14, 2026
- Distribution based on February 2026 production, down sharply from $36,445.91 declared in March for January production
- Oil sales volumes increased to 13,416 Bbls (from 12,110) and oil prices rose to $60.96/Bbl (from $57.04), boosting oil receipts to $0.82M
- Natural gas volumes dropped to 18,797 Mcf (from 34,753) despite higher prices, keeping gas receipts flat at $0.03M
- Operating expenses rose $0.11M to $0.45M due to higher lease and workover costs, partially offset by $0.04M lower taxes
Financial Impact
Distribution down 84.2% month-over-month from $36,445.91 to $5,756.78, indicating a material drop in net profits
Risk Factors
- High sensitivity to commodity price volatility and production declines
- Rising operating expenses may erode net profits even if prices stabilize
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-163079 |
| Document: prt-ex99_1.htm | 0001193125-26-163079 |
| Document: 0001193125-26-163079-index-headers.html | 0001193125-26-163079 |
| Document: 0001193125-26-163079-index.html | 0001193125-26-163079 |
| Document: 0001193125-26-163079.txt | 0001193125-26-163079 |
| 8-K Data (Synthetic) | 0001193125-26-163079 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | 8-K | $1.58 | awaiting T+20 | — | $1.44 (+8.86%) |
Sep 18, 2026 5w ago | 8-K | $1.99 $1.83 | ▲ +7.87% | ▲ +8.08% | $1.44 (+27.51%) |
Aug 21, 2026 9w ago | 8-K | $2.19 $1.98 | ▲ +9.59% | ▲ +9.06% | $1.44 (+34.25%) |
Jun 18, 2026 18w ago | 8-K | $2.32 $2.31 | ▼ −0.43% | ▼ −0.96% | $1.44 (−37.93%) |
May 18, 2026 23w ago | 8-K | $2.56 $2.13 | ▼ −16.80% | ▼ −18.38% | $1.44 (−43.75%) |
Apr 20, 2026 27w ago | 8-K | $2.98 $2.56 | ▲ +14.09% | ▲ +18.30% | $1.44 (+51.68%) |
US Market Status
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